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“The problem, as best I can judge on the fairly detailed analysis of the evidence, is that the roots of that crisis are very broad and geopolitical going back to the end of the Cold War and the massive changes in flows of finances that brought long-term, real interest rates down. ...”

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“And the consequences of that created a major expansion in capitalized values for real estate, especially residential real estate, across the globe.”

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“It is the failure clearly to comprehend the nature of the faults of the existing economic system which has, in large part, made protest and even revolt ordinarily so futile in really improving the conditions of life for the common man to the extent that might else be possible. …”

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“At the beginning of this essay it was pointed out that before economic reform can be profitably discussed, there must be an intelligent comprehension of the existing system of economic organization. For the beneficiaries of the present system have their intellectuals who can give it theoretical justification and they know how, practically, to run it;”

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“It would be manifestly unreasonable to claim that, once the annual rental value of land, or the major part of it is appropriated by the public, no further reforms will be necessary to make the price system ("capitalism") work most smoothly and fairly for the general good. ...”

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“But it is none the less a fact that this particular reform is one of the most important along the line of making "capitalism" or the price system what its conservative defenders claim it is, viz., a system which rewards industry and thrift and enterprise and gives most to those who are most deserving, presumably to those who serve the public best.”

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“You cannot study Henry George without learning how intimately each of these wrongs and evils is bound up with our land system. One of our great national weaknesses is speculation. Everybody recognizes that fact in the stock market orgy of our late boom days. …”

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“Only a few realize the extent to which speculation in land is the source of many troubles of the farmer, the part it has played in loading banks and insurance companies with frozen assets and compelling the closing of thousands of banks, nor how the high rents, the unpayable mortgages and the slums of the cities are connected with speculation in land values.”

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American Journal of Economics and Sociology

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Land is just another type of capital

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NEOCLASSICAL THEORISTS ONLY

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“… all these causes for which the Liberal Party fought are successfully achieved or are obsolete or are the common ground of all parties alike. What remains? Some will say the land question. Not I -- for I believe that this question, in its traditional form, has now become, by reason of a silent change in the facts, of very slight political importance."